David Becker: Yes. The thing is, we still have, we continue to bring on high performing videos. We brought some on within the later part of the year. You have staff in place to service and we have originations up year-over-year. But I will tell you that from our perspective, right now. I mean, gain on sale premiums in the fourth quarter net gain on sale premiums were very low. They’re in the 6.5, 107 range. And our forecast, we’re not making any assumptions that those go up. So we’re just and for the full year of 2022 on the front end of the year. We were getting higher gain on sale premiums, we were getting 110, 109 in some cases higher than that, and that came down. So we’re, while we do have origination growth for the year.
A lot of that is really offset by just assuming lower gain on sale numbers for the full year. So I mean, we’re probably right now modeling that number that we recognized for the full year for 2022, we’re probably think modeling right now that to be flat to down a little bit. But entirely driven by gain on sell premium.
Ken Lovik: Real quick. Just 10.5 million to 11 million.
Operator: Next question will be a follow up question from the line of John Rodis with Janney.
John Rodis: Ken just back on fee income, in my notes did you say fee income down 15% for the year is that total fee income? Or did I €“
Ken Lovik: Yes. That is total non-interest income. So €“ if we take the 21.3 million for 2022 and just cut that 15% that’s probably €“ that’s we’re estimating. So we’re obviously we did have mortgage revenue that’s not going to be here this year. And as we talked about SPA here being flattish, David did talk about our €“ what we think our conservative expectations on some increase from revenue but for this year we’re forecasting that to be down just by, the biggest piece is just removing the mortgage number out.
John Rodis: And then just one other question Ken, the tax rate kind of made new low in fourth quarter what should we use for next year?
Ken Lovik: Yes. I’ll guide you back to about 12 to 13, the one reason why the tax rate was low in the fourth quarter is when we do taxes, I will tell you the calculation isn’t necessarily done for a quarter at a time, what we’re trying to do is forecast €“ we use earning taxable income estimates for the year and I will tell you back earlier in the year in the first couple of quarters before the Fed started rapidly raising rates and we’re having the subsequent impact on earnings in the back end of the year. Our taxes, we were estimating higher net income. So all it really €“ I don’t like to use the word true-up but maybe that’s the best term I can come up with is, that affective tax rate is really what it takes for us to get our taxes in line for the full year. So again, I probably just guide you back to the 12% to 13% and that will probably be a reasonable estimate.
Operator: Thank you, Mr. Rodis. There are no additional questions waiting at this time. So I will turn the call over to David Becker for any closing remarks.
David Becker: Everyone I’d like to thank you for joining us on today’s call, we’ll continue to exercise discipline and use all of tools that are just falls out to preserve earnings in 2023. And fellow shareholders we remain very committed to driving improved profit ability and enhance shareholder value. Thank you again for your time and have a good afternoon.
Operator: That concludes today’s —
